Investor Presentation December 2014 All figures as at end of 30 - PowerPoint PPT Presentation

Investor Presentation December 2014 All figures as at end of 30 September 2014, unless otherwise stated

Outline 1. Introduction A. Why Egypt B. Real Estate Sector C. SODIC’s Unique Value Proposition D. 2014 A Year in Review 2. SODIC Backdrop A. SODIC Quick Overview B. Clean and Growing Land Bank C. Looking Forward: Our Strategy D. Experienced Management Team 4. Operational & Financial Performance A. Sales Performance & Unrecognized Revenues B. Launched Projects’ Profitability C. Delivery and Execution D. 9M 2014 Vs. 9M 2013 5. Annex A. Projects Overview B. Awards B. Egypt Macroeconomic & Real Estate Sector Overview

Introduction

Why Egypt With a GDP of US$ 280Bn Egypt remains one of the largest 3.5% GDP markets in the region Re-embarking on the growth trajectory with GDP growth set growth in 2015 to reach 4% growth in 2017 Population of The largest in the region 90 Mn¹ 60% below the age of 30 Growing at a rate of 2% 500,000 Sizable annual demand for housing In addition to housing shortage of 1.5m units Units… Retail sales of EGP Estimated to reach EGP 1,400 Bn in 2018² 868 Bn² Currently formal retail accounts for only around 2% of total retail trade³ Tangible Government achieving significant strides with reforms FDI picking up targeting US$6bn in 2015, with spill over Improvement in effect on commercial property market Political & Revival of tourism activity +71% in 3Q14 Banks increased appetite for lending Economic Government reopens land supply, explores different models Backdrop including profit sharing & in-kind payments 4 1 Source: CAPMAS, IMF, US Census, Central Banks of respective countries and Industry reports; Data as at 31/12/2013 ² Source: EIU ³ Source: KPMG report “AFRICA’S CONSUMER STORY”

Real Estate Sector Residential and beyond  Against this improving economic JLL: Cairo Prime Rental Clock Q3 2014 backdrop, the country is witnessing increased confidence in the real estate Strong market . Rental Rents fundamentals Demand remains relatively active across  Growth Falling Slowing and an all segments and developers are moving forward with both new and re-launched Rents opportune Rental Bottoming Growth projects. Out entry point Accelerating Rental growth is expected to accelerate  across all real estate asset classes giving Residential Office Retail way for further property appreciation Source: JLL  Favorable demographics ; young & Residential growing population Gross Pre-Sales of Key Developers¹ EGP Mn Annual demand for housing estimated at  500,000 units Strong Strong performance of gated communities  performance vis-à-vis haphazard developments despite Significant price increases backed by real  downturn, demand as well as inflation and backed by devaluation fears fundamentals Gross sales for key developers well above  pre-revolution levels 5 ¹ Key developers include SODIC, Palm Hills and Talaat Mostafa

Real Estate Sector Residential and beyond Commercial Foreign Direct Investments Increased interest from international  US$ Mn tenants with the influx of FDI Market to Improved bank appetite to lend will help  rebound given expedite development as well as support the improved property purchases by local companies that operating prefer to own rather than lease office space environment Source: CBE, analyst estimates Retail Retail Sales Currently formal retail accounts for only  EGP Bn around 2% of total retail trade. Fragmented Cairo organized retail space per capita  market with estimated at 0.06 well below regional huge potential averages for organized Secondary cities virtually untapped  retail space Source: EIU Hospitality Attractive investment opportunities in undeveloped areas such as the West  coast of the Mediterranean Tourism set to revive on the  Tourism activity picking up with tourist nights increasing by 71.1% y-o-y back of political in 3Q14 stability 6

SODIC’s Unique Value Proposition Significant Brand Equity  Strong demand for SODIC products (93% 1 of launched inventory sold) Pricing at a premium to the market  Reputation of timely deliveries  Solid Growth Strategy One of the first to settle disputes achieving  a clean land bank in 2014  Execute existing pipeline: EGP Track Record & Management 17bn over 5 years Full cycle experience: Successful   Expand land bank: acquisitions 2 navigation through the downturn &/or asset light structures Strong operational performance &   Diversify locations: coastal cities resilient financial results and secondary cities 11 successfully launched projects  Management continuity since 2006   Build up recurring income portfolio Scalable Operation Significant in house capacity with a team  of 476 professionals 3 Ability to acquire and execute sizable plots  (301 plot launched 6 months from award) Capacity to raise the required funding to  secure timely execution  Strong relationship with suppliers 7

2014 A Year in Review Strong start to the year’s sales, Eastown settlement, 301 award & 1Q14 2Q14 Solidaire settlement & drawdown new launches on Eastown on syndicated loan Residences  3 mega villas sold in Allegria worth EGP 52  Eastown settlement of EGP 900 million payable million; 27 offices sold in The Polygon worth EGP over 7 years 79 million  Ripplewood acquires 9.4% stake  Amicable Settlement with Solidere International  Eastown Residences (ETR) Phase V launch (SI) unlocking 250,000 sqm of land in the heart of worth EGP 246 million selling out Westown  301 Acre award letter received  Westown Residences Phase X launch worth EGP  ETR Phase VI launch worth EGP 359 million 531 million selling out selling out  SODIC West Syndication Drawdown: Tranche A  EGX approves capital increase subject to EGM worth EGP 330 million, refinancing 3 existing approval facilities Capital increase 99.3% subscribed Shoring up our finances, both debt 4Q14 3Q14 for, new launches on Westown & & equity, ETR Launch fully sold SODIC East  Signature of EGP 950 million loan with AAIB  Successful closure of circa EGP 1bn capital (301 Acre) ; EGP 255 million drawdown in less increase than 2 weeks  New launches on Westown Residences  EGM approves EGP 1 billion capital increase to Courtyard EGP 250 million existing shareholders  New Launches on SODIC East  Signature of EGP 300 million loan with CIB (SI Blocks)  ETR Phase VII launch worth EGP 353 million selling out 8

SODIC Backdrop

SODIC Quick Overview Egypt’s trusted developer, emerging stronger post revolution Brief Overview Building on a history of almost two decades of successful operations in Egypt, SODIC is one of the country’s  leading real estate development companies, bringing to the market award-winning large scale developments to meet Egypt’s ever growing need for high quality housing, commercial and retail spaces. Headquartered in Cairo and listed on the Egyptian stock exchange , SODIC is one of the few non-family  owned companies traded on the EGX , with a strong corporate governance framework Having invested over 1.4 billion dollars in developing eleven diverse real estate projects , SODIC boasts a  portfolio that has contributed over 3 million square metres of built up area to Cairo’s new urban communities³. Key Highlights EGP 11.4 bn, EGP 5.1 bn, EGP 730 mn, EGP 4 bn, Of Contracted Sales 1 , Of unrecognized Of sellable Of receivables over 4,800 units revenue ² inventory ² backlog ² 3.6 mn sqm Over 96% Over 1,800 EGP 17.0 bn Of non launched & Collection rate for Delivered units 1 Expected Sales raw land bank ² receivables ² from Non Launched and Raw Land Bank 1 Since Inception, excluding Beverly Hills including commercial and retail ³ Including Beverly hills 10 ² As of 30 th September 2014

Impressive Growth Performance Despite the Downturn SODIC has grown by every metric since 2011 Record gross contracted sales set Continuing to Deliver on Schedule Cancellations at an all time low to exceed 2013 Pct of Gross Sales Units Delivered 2,730 684 EGP Mn 99% 2,160 2,155 1,819 424 342 316 259 741 11% 9% 9% 6% 2011a2012a2013a 9M13 9M14 2011a 2012a 2013a 9M13 9M14 2011a 2012a 2013a 9M13 9M14 Market Cap more than doubled Significant addition to land Receivables doubled while in 2014 bank in 2014 delinquency dropped to a record 4% EGP Bn Mn sqm EGP Mn 4,076 3,604 4.8 Bn 2,452 3.6Mn 1,724 58% 42% sqm 2 Bn Existing Newly acquired 2014 2013 2011a 2012a 2013a 2014a* 11 * As of 30 Sept 2014

Clean & Growing Land Bank Significant presence in both East and West Cairo With 3.6Mn sqm of unutilized land SODIC is developing around 760,000 sqm annually, bringing to the market EGP17Bn of inventory over the coming 5 years 12